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The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver* is currently $1,211,200. This represents a 16% increase from November 2020 and 1% increase compared to October 2021.
Specifically:
- The benchmark price for detached homes increased 1.1% from Oct 2021 and increasd 20.8% from Nov 2020.
- The benchmark price for townhouses increased 1.6% from Oct 2021 and increased 20.2% from Nov 2020.
- The benchmark price for apartment/condos increased 0.9% from Oct 2021 and increased 11.4% from Nov 2020.
* Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
Copyright British Columbia Real Estate Association. Reprinted with permission.
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